CX Institutional Boosts Stake in Advance Auto Parts, Inc. (NYSE:AAP)

CX Institutional raised its holdings in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 59.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,134 shares of the company's stock after purchasing an additional 11,651 shares during the quarter. CX Institutional owned 0.05% of Advance Auto Parts worth $3,812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Advance Auto Parts in the 1st quarter valued at $29,000. Machina Capital S.A.S. purchased a new stake in shares of Advance Auto Parts in the 1st quarter valued at $32,000. Covestor Ltd raised its holdings in shares of Advance Auto Parts by 113.7% in the 1st quarter. Covestor Ltd now owns 156 shares of the company's stock valued at $32,000 after buying an additional 83 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of Advance Auto Parts by 9,933.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 301 shares of the company's stock valued at $37,000 after buying an additional 298 shares during the period. Finally, Industrial Alliance Investment Management Inc. raised its holdings in shares of Advance Auto Parts by 469.4% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 353 shares of the company's stock valued at $52,000 after buying an additional 291 shares during the period. Hedge funds and other institutional investors own 91.32% of the company's stock.

Several research firms recently commented on AAP. Evercore ISI lowered their target price on Advance Auto Parts from $145.00 to $80.00 in a research note on Thursday, June 1st. Wells Fargo & Company lowered their target price on Advance Auto Parts from $80.00 to $70.00 and set an "equal weight" rating for the company in a research note on Thursday, June 1st. Bank of America cut Advance Auto Parts from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $178.00 to $85.00 in a research report on Thursday, June 1st. StockNews.com cut Advance Auto Parts from a "buy" rating to a "hold" rating in a research report on Thursday, June 1st. Finally, TheStreet cut Advance Auto Parts from a "b-" rating to a "c+" rating in a research report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $96.26.

In other news, Director Carla Jean Bailo bought 500 shares of Advance Auto Parts stock in a transaction that occurred on Wednesday, June 7th. The shares were purchased at an average price of $65.90 per share, for a total transaction of $32,950.00. Following the completion of the acquisition, the director now owns 500 shares of the company's stock, valued at $32,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Carla Jean Bailo bought 500 shares of Advance Auto Parts stock in a transaction that occurred on Wednesday, June 7th. The shares were purchased at an average price of $65.90 per share, for a total transaction of $32,950.00. Following the completion of the acquisition, the director now owns 500 shares of the company's stock, valued at $32,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas A. Pertz bought 4,575 shares of Advance Auto Parts stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average price of $66.02 per share, for a total transaction of $302,041.50. Following the acquisition, the director now directly owns 12,831 shares of the company's stock, valued at approximately $847,102.62. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 5,463 shares of company stock worth $359,924. 0.63% of the stock is owned by insiders.

Shares of NYSE:AAP traded down $0.47 during midday trading on Tuesday, reaching $73.92. The company's stock had a trading volume of 858,535 shares, compared to its average volume of 1,881,384. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.07 and a beta of 1.08. The company has a quick ratio of 0.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.68. Advance Auto Parts, Inc. has a 1 year low of $63.56 and a 1 year high of $212.25. The business has a 50 day moving average price of $75.58 and a 200 day moving average price of $112.73.

Advance Auto Parts (NYSE:AAP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 31st. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $2.60 by ($1.88). The business had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.43 billion. Advance Auto Parts had a net margin of 3.61% and a return on equity of 22.67%. During the same period in the prior year, the firm earned $3.57 EPS. Research analysts forecast that Advance Auto Parts, Inc. will post 6 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Thursday, July 13th. Advance Auto Parts's payout ratio is currently 14.86%.

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.

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